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the crunch day is actually august 3rd, that's the day when the government has a big $23 billion social security payment and it has between $10 billion and $12 billion in tax revenue coming in. i think the really big issue for the treasury is going to be how it distinguishes between, if you will, paying back the money it already owes, paying back the government bond holders, and paying its ongoing running costs, things like social security, medicare, medicaid, military salaries and so forth, and i think the betting is that the government will put, will give a priority to paying the bills it already owes, to paying the bond holders, simply because if you don't do that, you go into massive default, and the whole global financial system i think really starts getting shaky, but not paying some of the big government commitments within the united states, that's going to get painful pretty fast. >> not paying the social securitys, the medicares, the medicaids of the world or even our defense budget that's as big of an issue for many in many mind as defaulting on our debt which would be a nonpa
is a big month for weddings. so many l.a. brides walking down the aisle this weekend are now sending out traffic advisories to their guests and staying near their church the night before the ceremony. listen to poncherelli. >> ponch. chips. >> chips is saying stay away. goodness. >>> coming up on eyewitness news at 4:00. a final memorial. how family and friends are remembering former first lady betty ford. >>> bridge collapse. the dramatic scene. a tour bus plunges to the ground. what went wrong. the weather is perfect for almost anything going on. tim williams is updating your first warning forecast. >>> for instant updates and first warping stories, click wjz.com. ,,,,,,,,,,,,,, >>> that's our cruise ship, mary, tim, let's go. >> is it? >> recent those carnival colors? i don't think that's a carnival ship. >> any ship is giad ship to get on on a day like this. >> and i would tell you your itinerary very, very happily. >> nice. >> love boat. that's what i wanted to do for my life. >> i could see mary doing that, yes, cruise dect doctorror mary. we're looking at very calm conditions on t
to change entitlements and we know we're going to need revenues if we want a big package to solve the deal. now if it turns out the other side won't budge on anything, then we're going to be here every day until we get this done. >> senator mcconnell's proposal which we mentioned briefly at the top came out after you sat down with the president but what are the white house and other leaders saying about it this morning? >> well, there's a sense of relief, you can almost feel it all across washington today, erica, because senator mcconnell's proposal would help them step back from the brink. the president's spokesperson, jay carney, said yesterday that default is not an option, and they said some positive things about senator mcconnell's proposal, so everyone today is debating that proposal, but there is a sense that it lets some of the pressure off and may help the country avoid default. >> so in some ways it lets some of the pressure off politically. even though the president told you it's time to set politics aside, neither party wants to be the one that causes the u.s. to default so you
on the "cbs evening news." >> all right. good news here. guess whose birthday is today? >> big "g." >> that's right, jeff glor at the news desk. >> happy birthday. >> that is very nice. unexpected surprise. >> chris baked a cake. >> wow. >> get ready. >> after the show. good morning. we begin here now with an assassination in afghanistan. the powerful half-brother of afghan president hamid karzai was murdered this morning. officials say that ahmed wali karzai was shot to death by one of his own bodyguards at his home in kandahar. cbs news correspondent mandy clark is there. >> god willing there will be an answer of pain and suffering on the people, and peace and security will be implemented in our country so that no other afghan family will go through such pains that we all have suffered. >> reporter: ahmed wali karzai was a controversial figure. he was widely seen as the de facto governor of kandahar province, giving orders to public officials behind the scenes, but more importantly in this society, solving tribal disputes. over the years there were persistent reports that he was involved
." >>> now for the latest on tropical storm don expected to be the first big storm to hit the u.s. this year, don is packing 50-mile-an-hour winds and could reach drought-string be texas in the next 24 hours. kevin hughes is in texas this morning. >> reporter: this is the first tropical storm i can remember covering where most of the people are actually glad this storm is arriving. some precautions are being taken but like the rest of texas corpus christi hasn't had significant rain in four months so people aren't afraid of the tropical storm, they're welcoming its arrival. they're going through the marina making sure the boats are secure but it's not severe enough they're worried about moving any of the boats. there are no evacuations planned, the visitors bureau says no extra precautions out of the ordinary are taken and hotels are filling up with tourists over the weekend. they are hoping it brings the three to five inches of rain. they hope don doesn't stay too long but long enough to remind everyone what rain looks like. conditions here are still extremely dry. right now everyone here i
traffic. >> reporter: richie highway is a big and busy road. and cara's family and friends say they want more police presence here to help people cross the street. especially while the carnival is attracting hundreds every night. >> reporter: somebody needs to do something. i'm all about carnivals. it just needs to be handled better. >> reporter: and anne arundel county police say there is an officer at the early heights intersection now. reminding walkers to be careful when they cross that street to go over to the carnival. denise, back to you. >> all right. thank you very much, gigi. >> reporter: police say there is also a sign near the carnival, alerting drivers of the carnival and people crossing the street. >>> good news for fans ever phillips seafood. alex demetrick reports, it turns out, phillips is just moving down the block. >> reporter: for 30 years, phillips has been serving up meals and memories at the light street inner harbor, when the family announced they were shutting the restaurant down in september, it stunned regulars. >> that's shocking to me. >> yeah, very sad. >> w
Search Results 0 to 5 of about 6